Section 207 The Federal Reserve System

Since Xie Guanhui became the mayor of Shanghai Free City, it seems that his life has opened a window to another world, and he feels the great freedom brought by power, that is, you can do whatever you want. Pen, fun, pavilion www. biquge。 info

Some people do whatever they want, for the sake of enjoyment, such as fantasizing that one day they have unlimited power, they can go out to eat without money, and they will bring beautiful women home when they see them.

Of course, Xie Guanhui will not have this kind of low-level taste, he is not interested in women, nor is he interested in wealth, the satisfaction brought by power itself is what makes him the most addicted, before he did not help Yang Chao do things, when he was presiding over the Money Industry Association, he used the power in his hand to fight with the British, not that he loves to fight, but this feeling of using power, it is too beautiful.

Speaking of which, this is also a kind of pursuit, and the pursuit of man is always in stages, and the lowest is to satisfy the nature of eating and eating, and the people of this class have not yet completely got rid of the habits of wild beasts; When he satisfies the affairs of men and women, and has a small career and has no worries about food and clothing, at this time a person has a second pursuit, and he wants to do something 'things'.

This is actually what Confucianism says, to make meritorious deeds.

The vast majority of successful people are in this stage of meritorious service, such as Yang Chao, such as Xie Guanhui, they have reached the level of worry-free food and clothing, and they do not have much money and wealth, but they are eager to realize their ambitions, that is, to realize their self-worth.

The need to realize self-worth is actually the same as the desire of ordinary people for food and color, which can be regarded as a demand, but it is not physiological, but psychological. So there's nothing remarkable, it's just a natural need of life when it reaches a certain level.

After Xie Guanhui seized power, it was difficult to suppress his desire to make meritorious contributions, and he began to reform Shanghai society in a bold way according to some of his own ideas.

Like most Chinese in this era, Xie Guanhui grew up in the conflict between China and the West, so he has both a Chinese side and a Western side, and he is more accepting of the Western system than ordinary old-school officials, and even more than foreign officials.

Because Yang Chao told him that he could do it boldly in Shanghai, and even hired foreigners without any problem.

So Xie Guanhui let go of his hands and feet, and vigorously poached people, the first target was the Ministry of Industry Bureau, which has both Chinese directors and some Chinese cadres, Hua Dong are all successful people in the concession, but Hua Dong's status is relatively high, and it is generally impossible to do things for others, these people are raised by foreigners.

Therefore, Xie Guanhui only dug up some grassroots personnel, such as tax collectors, such as urban construction personnel, public service personnel, etc.

Next, Xie Guanhui put the direction of digging the foot of the wall to the customs, which is recognized as the only modern institution in China, and it is a very successful anti-corruption organization, and the former world thinks that the British Hurd can build such an institution in a country like China, which is a management miracle. You must know that even the government departments in the United States are full of corruption.

And Xie Guanhui poached, very courageous, as long as he has rich management experience in the customs, even if he is a foreigner, as long as he can speak Chinese, he is willing to hire with a high salary.

At first, Hurd was very annoyed by this, but after his own consideration and the lobbying of the British consul, Hurd believed that if the talents cultivated in the customs could enter China's local government agencies and help China's local governments carry out modern management innovation, it would be beneficial to both China and the United Kingdom, so he acquiesced.

But it is impossible for the customs to be poached, and the talents in the customs are not comprehensive, which makes Xie Guanhui very dissatisfied.

Xie Guanhui began to seek help from other countries, communicating with the consuls of various countries in Shanghai, and these consuls expressed their willingness to help Shanghai modernize for the benefit of their respective countries, so with the help of other countries, a large number of people with government work backgrounds were recruited to Shanghai.

Xie Guanhui's actions scared Yang Chao, because Yang Chao believed that those guys who came out of the government, if there were no spies, they would be hell, and these people entered the Shanghai government, and it was not known whether they could manage the Shanghai government well, but Shanghai's secrets could not be hidden from them.

Yang Chao wanted to interfere several times, but after thinking about it, he chose to trust Xie Guanhui, not because he trusted his character, but because he trusted his ability, and trusted that he could manage these foreigners well, and let these foreigners work hard, so as to establish a modern government.

However, Xie Guanhui's move also aroused widespread criticism, and many people scolded him for betraying the country, at this time Yang Chao chose to support him, and told Yuan Shikai behind the scenes that this is an experiment, if it succeeds, it will be good, if it fails, it is just a Shanghai, and it can be changed back at any time.

With the support of Yang Chao, Xie Guanhui also worked hard, and really transplanted a modern management organization in a very short period of time, but there are still many places that do not match the local culture, but it is much more perfect and efficient than the management of the Qing government in the past.

At least in terms of public security, it is much better than in the past, tens of thousands of soldiers have changed their clothes, and they have become patrols in Shanghai, and the green gangsters on the streets have long been beaten and hid in the concession and dare not come out.

There was good law and order, there was no political environment of extortion, social order was orderly, the capitalists in Shanghai were satisfied, the industrial enterprises resumed production, and a new round of expansion began after half a year.

The most dependent trade of the financial industry, also with the stability of the domestic environment, the mainland products on both sides of the Yangtze River continue to be exported through Shanghai, and Shanghai has been exempted from the domestic tariffs of the nature of gold, which is actually to give to commerce, and at the same time stimulate the development of trade, the coastal provinces near the left, are also re-exported from Shanghai, the status of the trade center of Shanhai has been further established, and the role of promoting trade is also highlighted.

The market is stable and the economy is growing, which makes Yang Chao feel that it is possible to raise funds from Shanghai again.

And it is very likely that although there has been a war in the past few years, with more than 1.5 billion taels of silver in the war financing in Shanghai, Shanghai's financial industry has developed more prosperous than in the past, and the thirty money banks that survived several economic crises, plus a small number of Chinese banks, rallied around Yangzi Bank and swallowed hundreds of millions of taels of silver in bond profits.

Now these money banks have also tasted the delicacy that only HSBC giants can taste in the past, and their ambitions have become bigger, Yang Chao encouraged them to open branches at various ports, instead of as before, even if it is the same person to open a bank, it must be divided into different business names, and now each family has annexed two or three past peers and operated in the form of a semicolon.

In fact, there is no difference between these banks and banks, their past business methods, is also to absorb savings, issue loans to earn profits, and even issue bank bills, the only difference with the bank is that they do not have strict risk control, blindly issue loans, over-issue bank bills, even the risk control of modern banks are often in trouble, not to mention these money banks, so there have been a lot of failures in recent years.

But the rest of them are the best control ability, very sensitive to risks, and stable management.

The economic crisis is not completely without benefits, at least it has eliminated gambler-like bankers like Yu Qiaqing and Chen Yiqing, making the entire financial environment safer.

Also through the two financial crises of gold speculation and the rubber crisis, Yangzi Bank gained Shanghai's financial hegemony, and now those banks of HSBC are simply out of breath in the shadow of Yangzi Bank.

With a dominant position and a stable financial environment, these two conditions make Yang Chao believe that the time is ripe to make money through financial leverage.

Yangzi Bank is now almost a hundred calls, because every time it makes money, Yangzi Bank brings a large group of Shanghai money banks, and everyone earns money together, and now it has firmly tied these thirty large money banks to its chariot.

"Ladies and gentlemen. We, Yangzi Bank, have invited you here today to discuss with you the matter of preparing for the establishment of a common treasury. We proposed the establishment of a joint reserve treasury, and each bank and bank deposited their gold and silver in the treasury of Yangzi Bank. In the future, the bank bills and gold dollar bills of Yangzi Bank will be used uniformly, and the banker bills of each family will not be allowed to be issued in the future. Our Yangzi Bank will issue a batch of 10 billion taels of bank bills, which is enough for everyone to use. ”

Li Sidi's words first made the bosses of the money village gasp, not to mention that 10 billion taels of bank bills is enough for Shanghai, and it is enough for the whole country, but the content behind it made the bosses of the money bank mutter, they felt that Yangzi Bank seemed to want to swallow them, take away their gold and silver reserves, and not allow them to issue bank notes, is this going to ruin everyone?

Li Sidi has not yet won the trust of these people, Xie Guanhui is now the mayor of Shanghai, and he has long had no energy to manage Yangzi Bank, so Yang Chao sent him.

Li Sidi continued: "However, this deposit is not mandatory for everyone. In fact, it is also a good intention for us to let everyone deposit gold and silver in Yangzi Bank, and we are afraid of disrupting the market by not letting everyone issue bank bills. In the past, why more than 100 money banks fell was not all because of rotten bank tickets. My lord said that as long as you deposit your gold and silver in the bank, then if you encounter such a run in the future, the treasury of Yangzi Bank will be your treasury! ”

This made everyone's eyes light up, who didn't know that Yang Chao was rich, more than 1,000 tons of gold, silver reserves had just recently joined 1 billion taels, plus the previous reserves, reached 1.5 billion taels, and the leverage was less than 7 times, if the vault of Yangzi Bank guaranteed for them, who would be afraid of a run in the future, but the problem is that they can't issue bank bills, they can only use Yangzi Bank's bank bills, and it seems that there will be no run.

Li Sidi continued: "Moreover, my family said that everyone will deposit 1 tael of silver in the bank, and Yangzi Bank will lend them 2 taels of bank bills, and you can release these 2 taels until the 10 billion bank bills are issued." In the future, when you encounter a run, Yangzi Bank will be responsible for the exchange. This is equivalent to doubling your capital. ”

"I agree!"

A young man was the first to shout, and at this time, those old bankers did not dare to agree.

In Li Sidi's view, this is the latest small bank to be established, called Shanghai Commercial and Savings Bank, and its general manager is called Chen Guangfu. (To be continued.) )